Sitel to sell $300 million eight-year senior notes in March 8 week

By Paul A. Harris

St. Louis, March 5 - Sitel Corp. will begin a roadshow on Monday for its $300 million offering of eight-year senior unsecured notes (Caa2), according to an informed source.

The Rule 144A and Regulation S deal is expected to price late in the March 8 week.

Goldman Sachs & Co., Bank of America Merrill Lynch and Credit Suisse are joint bookrunners. RBC Capital Markets Corp., Baird and Fifth Third Securities Inc. are co-managers.

The Nashville, Tenn.-based business outsourcing services provider plans to use the cash from the note sale to pay down bank debt.

Onex Corp. owns a majority stake in the company, which was formerly known as ClientLogic.

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